Gray Hydrogen Market

According to a research report "Gray Hydrogen Market by Technology (Coal Gasification, Pyrolysis, And Natural Gas Reforming) by Distribution (Pipeline, High-Pressure Tube Trailer, And Liquified Hydrogen Tanker) by Application (Automotive & Transportation, Refinery, Ammonia Production, Methanol Production, Power Generation, and Others) by Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) - Trends and Forecasts to 2030" published by MarketsandMarkets, the global gray hydrogen market is expected to grow from USD 140.0 billion in 2022 to USD 264.6 billion in 2030, at a CAGR of 8.3% during the forecast period. Integration of hydrogen into the natural gas network and increasing government focus to develop hydrogen-based economies to drive the growth of the gray hydrogen market during the forecast period.

The Steam Methane Reforming (SMR) technology segment is expected to dominate the market during the forecast period.

The gray hydrogen market, based on technology, has been categorized as steam methane reforming, partial oxidation, and coal gasification. Steam methane reforming (SMR) is a widely used technology to produce hydrogen on a large scale. In steam methane reforming (SMR), hydrogen, carbon monoxide, and a small quantity of carbon dioxide are produced when methane combines with steam at pressures ranging from 3 bars to 25 bars (1 bar = 14.5 psi). As the steam reforming reaction is endothermic, heat must be added to the process for it to continue.

The captive generation & delivery mode segment is expected to dominate the market during the forecast period.

The gray hydrogen market, based on generation & delivery mode, has been categorized as captive, and merchant. Merchant hydrogen can be further categorized by delivery mode into large on-site plant & pipeline, bulk & cylinder (gaseous form), bulk (liquid form), and small on-site. Captive hydrogen is produced intentionally on-site for use. This process is accepted for large-scale industrial applications, such as petroleum refineries, fuel cells, ammonia and methanol production plants, and electronics. Merchant hydrogen is also produced, transported, and sold as an industrial gas. The hydrogen produced on-site is delivered to end users through pipelines and cylinder delivery.

The automotive & transportation application segment is expected to grow at the highest CAGR during the forecast period

The gray hydrogen market, based on application, has been categorized as refinery, ammonia generation, methanol production, automotive & transportation, power generation, and others. Hydrogen finds applications in various modes of transportation, such as buses, trains, fuel cell electric vehicles (FCEVs), and others (marine vessels, airplanes, and drones). The rapid rise in demand for fuel cell electric vehicles (FCEVs) drives the demand for gray hydrogen in the automotive & transportation sector.

Asia Pacific is estimated to be the fastest-growing region in the gray hydrogen market during the forecast period

The market in the Asia Pacific is expected to grow at the highest rate. The market growth in this region is attributed to the increasing investment in manufacturing and infrastructure development, which provide growth opportunities. Countries in the Asia Pacific, such as China and India, hold the most considerable capacities for ammonia production and refinery throughput, driving the demand for hydrogen. Other applications such as food processing, fuel cells, electronics, and metal production and fabrication are also driving the demand for gray hydrogen generation in the Asia Pacific.

Key players operating within this segment include Linde plc (Ireland), Air Liquide (France), Cummins Inc. (US), Air Products and Chemicals, Inc. (US), Messer (Germany), Xebec Adsorption Inc. (Canada), Ally Hi-Tech Co. Ltd. (China), and Uniper SE (Germany).

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